Stories
Mahindra SUVs to Get Pricier: Fourth Price Hike in a Year for Thar, Scorpio, XUV 7XO
N
News18•27-09-2026, 13:33
Mahindra SUVs to Get Pricier: Fourth Price Hike in a Year for Thar, Scorpio, XUV 7XO
- •Mahindra is preparing to increase the prices of its popular SUV models Thar, Scorpio, and XUV 7XO.
- •This would be the fourth price hike within a year, following increases in January, April, and July.
- •Nalinikant Gollagunta, President and CEO of Mahindra Automotive, cited rising commodity prices as the reason for the potential hike.
- •Despite previous price increases, customer inquiries and bookings have not been significantly impacted, with demand remaining strong.
- •Mahindra's primary focus is on electric vehicles (EVs), and the company plans to increase its production capacity for both ICE and EV models.
Key Questions Answered
Mahindra has increased its vehicle prices three times this year, specifically in January, April, and July, with the July hike raising SUV prices by about 2.7 percent.
Despite the price hikes, customer inquiries and bookings remain strong because vehicle prices are still lower than pre-GST reduction levels.
Mahindra currently produces about 60,000 ICE vehicles and 8,000 EVs per month, with plans to increase these capacities to 70,000 ICE and 12,000 EVs monthly by the end of March or early April.
